Source: OJ L, 2024/1624, 19.6.2024

Current language: FR

Article 39 Interdiction de nouer ou de maintenir des relations de correspondant avec des établissements écrans


Summary What does Article 39 of the Anti-money laundering regulation (AMLR) say?

This article establishes a hard prohibition on correspondent relationships with shell institutions, extending the controls on correspondent banking introduced in Article 36 by setting an absolute boundary that cannot be managed through enhanced due diligence alone.

Credit institutions and financial institutions are barred from entering into or continuing any correspondent relationship with a shell institution, and must also take appropriate measures to ensure they are not indirectly connected to shell institutions through intermediary firms that are known to allow shell institutions to use their accounts.

The article then extends a parallel obligation to crypto-asset service providers, requiring them to have internal policies, procedures and controls in place to prevent their accounts from being used to provide unregulated crypto-asset services.

Important points:

  • Do not enter into or continue any correspondent relationship with a shell institution, and take appropriate measures to avoid indirect exposure through intermediaries known to facilitate shell institutions.
  • The prohibition covers not just direct relationships but also correspondent relationships with entities known to allow shell institutions access to their accounts.
  • Crypto-asset service providers must implement internal policies, procedures and controls specifically designed to detect and prevent attempts to use their accounts for the provision of unregulated crypto-asset services.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

    1. Les établissements de crédit et les établissements financiers ne nouent pas ou ne maintiennent pas de relations de correspondant avec un établissement écran. Ils prennent des mesures appropriées pour ne pas nouer ou ne pas maintenir de relations de correspondant avec un établissement de crédit ou un établissement financier connu comme autorisant l’utilisation de ses comptes par un établissement écran.

    1. Outre l’obligation figurant au paragraphe 1, les prestataires de services sur crypto-actifs veillent à ce que leurs comptes ne soient pas utilisés par des établissements écrans pour fournir des services sur crypto-actifs. À cette fin, les prestataires de services sur crypto-actifs mettent en place des politiques, procédures et contrôles internes pour détecter toute tentative d’utiliser leurs comptes pour la fourniture de services sur crypto-actifs non réglementés.

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